The Small Investor Protection Association (SIPA) is a volunteer member organization committed to fair practice in the investment industry. SIPA was incorporated (Ontario corporation number 1327366) as a national non profit organization at the end of January, 1999, with headquarters in Markham, Ontario.
Have Your Say with the OSC Investor Advisory Panel - A Webinar is scheduled for Monday, May 7th, 2012, from 12:00 – 2:00 p.m.
The OSC Investor Advisory Panel wants Feedback from Investors
The OSC Investor Advisory Panel represents the interests of investors and provides comments to the Ontario Securities Commission on issues important to investors and on the OSC Statement of Priorities. The members on the panel work together under the chairmanship of Anita Anand who is an Associate Professor at the University of Toronto Faculty of Law. All the panel members are dedicated to representing investors' interests and want to get feedback from the public. They invite investors to visit their section on the OSC website and to submit comments. The IAP is initiating an outreach program to dialogue with investors so they will be better informed. As part of the outreach program a Webinar has been organized so the public can participate by asking questions or commenting on issues that impact investors. The following notice is on the OSC website.
Invitation to Provide Advice on Commission Priorities
The OSC’s Investor Advisory Panel will be hosting its first webinar, which is a presentation over the internet in which participants can communicate with the presenter, on Monday, May 7th from 12:00 – 2:00 p.m. and would like to hear from Ontarians. The purpose of the webinar is to inform the Panel as it prepares its letter to the Commission providing advice about issues that are important to investors and that should be priorities for the Commission in the upcoming year. “Our explicit mandate is to represent the views of Ontario’s investors in policy-making and this outreach is a first step in this process” said Professor Anita Anand, Chair of the Panel. “The webinar is a great opportunity for investors to present their views to the Panel about issues that are important to them. We look forward to hearing from individuals across Ontario.”
Individuals can register to participate in the live webinar by sending an email firstname.lastname@example.org. For those who are not able to attend the live session, the webinar will be recorded and available for on-demand viewing. Information on retrieving the webinar will be posted to the website at www.osc.gov.on.ca. The Panel welcomes comments from investors which will be considered in the Panel’s submission to the Commission. The Panel is particularly interested in receiving input about:
· Advisers’ duties to act in their clients’ best interests
· Disclosure of information (e.g. performance reporting)
· Restitution for investors and improved enforcement
· Ombuds services and dispute resolution
· Enhancing investor protection
The Investor Advisory Panel was created in 2010 as an independent body to contribute an investor perspective to the OSC’s rule and policy making process. Additional information about the Investor Advisory Panel is available on the OSC websiteatwww.osc.gov.on.ca.
CTV W5 - Going for Broke
CTV W5 produced a program detailing how some investors lost everything when they placed their trust in the investment industry. "From coast to coast, horror stories are emerging of investors losing their hard-earned savings due to questionable and improper practices within the financial services industry - and some experts estimate it is costing Canadians in excess of $20 billion a year. It is a harsh reality that 58-year-old Donald Kennedy knows all too well. Several years ago, the Nova Scotia dairy farmer inherited $155,000 and decided to place it all in secure investments with RBC Dominion Securities." Going for Broke has CTV hosts speaking with victims. Click on the link to access Part 1 and Part 2 on the CTV website.
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